Summary
U.S. stocks suffered a historic collapse as Trump’s sweeping tariffs triggered panic over inflation and recession. The Dow fell 2,231 points, the S&P 500 dropped 6%, and the Nasdaq entered a bear market.
Fed Chair Jerome Powell warned the 10% import tariffs and retaliatory moves from China, including a 34% tariff on U.S. goods, will hurt growth and raise prices.
Economists cut U.S. growth forecasts below 1%, projecting households could face $1,900 in added costs.
The sell-off erased $2.7 trillion in value and marked the worst two-day market drop since March 2020.
Umm… hasn’t trump basically removed everything at the federal level that isn’t blindly hanging on his word?
If trump just keeps ordering “hold tight, the turnaround is just around the corner”, what can they do to stop the collapse.
The fed is not federal despite the name. And the current chair sits until 2026.
https://lemmy.world/post/27038154/15820258
Have a mirror and some reflection, to the times you defended foreign imprisonment without due process based on tattoos.
What the actual fuck. That was not defending anything of the sort. You tried to compare full body and face tattoos to the numbers tattooed on Jewish prisoners at Auschwitz. And took criticism of that dumb statement as a defense of the actions taken by the trump admin. Which it was not.
Then you tried to defend that by lying and saying that there were people tatooed that way there, too.
And now you have the nerve to try and frame it as defending foreign imprisonment because you are a moron who got called out on thier bullshit. So, congrats.
It looks like you wrote multiple sentences which I’m sure someone will read. Someone with the time certainly.
It’s ok, you don’t seem to have the capability that others did.
Light evening reading.